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GMR Infra promoter hikes stake up to 74%

This article was posted on Dec 30, 2008 and is filed under Stock News

Mumbai: GMR Infrastructure on Tuesday said that its one of the promoter group companies, GMR Holdings, has hiked its stake to about 74% after purchasing 3.87 lakh shares from the open market.
In a filing to the Bombay Stock Exchange, GMR Infra said pursuant to the share purchase GMR Holdings’ stake in the company has increased to 74.067%.

Earlier this month, the promoter group company had purchased 9.50 lakh equity shares representing 73.72% in the company from the open market.

Shares of GMR Infra were trading at Rs71.55, down 0.83% on the BSE

source: PTI

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